Hitman

Joined:
Nov 25, 2005

The CEO behind rocketspace has tweeted he's in on this which peeked my interest as rocketspace have helped the likes of Spotify and Uber to grow to be $1billion empires so they seem to be quite knowledgable when it comes to the tech sector. I think he sees the potential growth of this coin from its ability to be mined from the app on smart phones with very little technical knowledge, this really could be a coin the general population adopt.

They're having a fund raising ICO in 2 days time, yeah I know ICO might scare some people due to the China news and many ICO's being scams but this looks like it has a lot of potential with a clear roadmap and an all British dev team behind it.

They're offering 150 coins per $1 from either Ether or Bitcoin for the first 7 days so might be worth a punt for a $20 investment ?

Soldato

Joined:
Jun 17, 2007

Hitman

Joined:
Nov 25, 2005

The ICO put's the amount of coins in Digibyte territory which has 2 billion more than this coin will have and that's going for 0.017, so if we assume it would be around that when it gets on exchange then that's 70 to 100% profit straight away if you choose to dump, with the option to rebuy as price falls and then hodl to the moon.

Be interesting to see what mobile mining for these coins will be like too

Wise Guy

Joined:
Mar 27, 2009

Hitman

Joined:
Nov 25, 2005

The mobile app is centralized and runs off a twin algorithm that emits coins from the blockchain at approximately the same rate as the full miners based on a CPU benchmark of the phone. This allows the phone to run without getting hot and without using tons of power and bandwidth that previous attempts at phone mining have needed. But remember, they are not bringing blockchain utility, they are bringing a different utility - they are bringing on users at a ridiculously low CPA, and allowing Electroneum to have viral growth.

We’ve combined a decentralized blockchain with a centralized viral marketing app, that encourages the adoption and accumulation of cryptocurrency through “gamifying” the experience. We call it the Mobile Mining Experience. Our blockchain emits coins to our mobile app users for bring a different utility to the blockchain. Electroneum full miners earn the most coins and that runs on Windows, Linux and Mac computers. They bring the utility of blockchain administration and are rewarded with Electroneum coins. The mobile miners bring the utility of viral marketing to Electroneum and are awarded with a number (smaller) of Electroneum coins for doing so. It's done in a way that encourages app usage. We've essentially gamified the mining experience, making it appeal to mobile computer gamers (there are over 2 billion of them!).

Wise Guy

Joined:
Jun 20, 2011

argh no Iphone version will be available yet then >.<.. Signed up and can see the 'transactions' page on the account.. Probably should have asked if you have a referral code so you get some extracoins for social rewards.. If anyone wants a referal code ask and I'll trust it

Hitman

Joined:
Nov 25, 2005

Can still do it. Just transfer half the btc or eth to each account when you buy

Click to expand...

I guess, it's probably better to make new account and put all Ether in that to buy the Electroneum so you get the full 5% on original account + full 1% bonus on new account. Then transfer funds from new account to primary account...

Bit of a hassle but if I'm getting 10k coins that 5% is actually worth it